Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (HR 4173) imposes disclosure and due diligence requirements on publicly traded companies that manufacture products containing certain minerals designated as “conflict minerals”. These minerals are gold, tin, tantalum, and tungsten that were mined or smelted in the Democratic Republic of the Congo (the “DRC”) or adjoining countries.
The Act reflects Congressional concern that revenues obtained from mining and the transport of Conflict Minerals finance ongoing conflicts in the DRC and its surrounding areas and have resulted in a humanitarian crisis.
Weschler Instruments is not directly subject to Section 1502 of the Dodd-Frank Act or the subsequent SEC regulations. However, we are committed to the principles of this Act. We strive to have a Conflict-Free supply chain and are working with our vendors to confirm that products they supply us do not contain minerals that finance or benefit armed groups in the Democratic Republic of the Congo or adjoining countries.